Sanders A Shane 4
4 · DANAHER CORP /DE/ · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Danaher (DHR) Director Shane Sanders Receives 183.593 Deferred Shares
What Happened Shane A. Sanders, a director of Danaher Corporation (DHR), received 183.593 notional (phantom) shares on 2026-01-30 as an award under the Non‑Employee Directors Deferred Compensation Plan. The shares were valued using the closing price of $218.89, giving an aggregate value of $40,187. This was not an open‑market purchase but a conversion of deferred cash director fees into notional shares (transaction code A — award/grant; derivative).
Key Details
- Transaction date: 2026-01-30; Filing date: 2026-02-03 (timely — within two business days).
- Price used to calculate notional shares: $218.89 (NYSE closing price on transaction date).
- Shares received: 183.593 notional (phantom) shares; reported value $40,187.
- Shares owned after transaction: not specified in the supplied filing.
- Footnotes summary:
- The award was made under the Non‑Employee Directors Deferred Compensation Plan: deferred cash director fees (and accrued dividends) are converted into notional shares based on the closing stock price (F1).
- Upon distribution, these phantom shares convert one‑for‑one into Danaher common stock (F2).
- The reporting person is fully vested in the amounts deferred under the plan (F3).
- Transaction type: Derivative award/deferral (routine director compensation), not a market purchase or sale.
Context This is a routine compensation deferral for a non‑employee director converting cash fees into deferred/notional shares; it does not reflect an open‑market buy or sale. Such deferred/phantom share awards are common for directors and become actual shares only when distributed.
Insider Transaction Report
- Award
Phantom shares
[F1][F2][F3]2026-01-30$218.89/sh+183.593$40,187→ 2,720.279 totalExercise: $0.00→ Common Stock (183.593 underlying)
Footnotes (3)
- [F1]Under the terms of the Non-Employee Directors Deferred Compensation Plan (the "Plan") established under the Danaher Corporation 2007 Omnibus Incentive Plan, the reporting person can defer all or part of the cash director fees s/he is entitled to receive each quarter. Amounts deferred under the plan (which includes dividend accruals on plan balances and may also include cash director fees) are converted into a particular number of notional shares of Danaher common stock, calculated based on the closing price of Danaher's common stock on the quarterly date such amounts otherwise would have been paid. The price shown in Table II, Column 8 above is the closing price per share of the Danaher common stock as reported on the NYSE on the transaction date noted above.
- [F2]Upon distribution, the phantom shares convert into shares of Danaher common stock on a one-for-one basis.
- [F3]The reporting person is fully vested in all amounts deferred under the Plan.